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Apple heads for largest Q3 revenue drop since 2016 as iPhone sales slow

Inside Retail

per cent drop in total quarterly revenue, according to Refinitiv – its steepest drop in third-quarter revenue since 2016. The post Apple heads for largest Q3 revenue drop since 2016 as iPhone sales slow appeared first on Inside Retail. per cent rise in the quarter ended March.

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StockX Co-founder Promoted to CEO Job

Retail TouchPoints

Schwartz co-founded StockX, a platform for buyers and sellers of sneakers, apparel, electronics and collectibles, in 2016 with Dan Gilbert, Josh Luber and Chris Kaufman. Current CEO Scott Cutler, who was one of the company’s earliest investors and advisors, will step down but will remain through 2024 to help ensure a smooth transition.

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Retail Food Group settles class action filed by former franchisees

Inside Retail

The proceedings were about changes implemented to the supply chain between 2015 and 2016, and alleged breach of the Franchise Agreement, contraventions of the Australian Consumer Law and the Franchising Code of Conduct, the company said in its previous statement.

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Burberry Names Akeroyd its Next CEO

Retail TouchPoints

Akeroyd is currently CEO of Gianni Versace SpA , a position he has held since 2016. From 2004 to 2016, Akeroyd was CEO of Alexander McQueen , and he also has held a number of senior fashion roles at London-based luxury department store Harrods. Burberry has appointed Jonathan Akeroyd as CEO and Executive Director, effective April 2022.

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Publix Promotes Murphy to CEO Post; Jones Named Executive Chairman

Retail TouchPoints

He was named SVP of Retail Operations in 2016 and President in 2019. He was named President in 2008, added the CEO title in 2016 and was named CEO in 2019. All three executives are long-time Publix veterans: Murphy began in 1984 as a front service clerk in Margate, Fla., working his way up through various positions.

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Luxury brand Hermès targeted by animal rights protestors

Inside Retail

PETA became a shareholder of Hermès in 2015 to push back against exposed cruelty in reptile farms in Texas and Zimbabwe, and in 2016 also revealed poor conditions for young ostriches at a Hermès supplier, before finding more poor conditions in 2017 in a Vietnam crocodile supplier.

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Torrid CFO/COO Resigns; No Permanent Replacement(s) Announced

Retail TouchPoints

Harper was named CEO in May 2022; she had previously served as CEO of Torrid from 2011 to 2016 and served as CEO of Belk from 2016 to 2021. Torrid has had an unusually high number of top-level management changes over the past year. The retailer’s most recent financial results paint a picture of a company facing tough headwinds.

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